Common use of DECREASE IN EXERCISE PRICE Clause in Contracts

DECREASE IN EXERCISE PRICE. The Company, in its sole discretion, shall have the right at any time, or from time to time, to decrease the Exercise Price of the Warrants and/or increase the number of Warrants Shares issuable upon the exercise of the Warrants, including as it considers to be advisable in order that any event treated for federal income tax purposes as a dividend of stock or stock rights shall not be taxable to recipients.

Appears in 3 contracts

Samples: Class C Warrant Agreement (Marvel Enterprises Inc), Class a Warrant Agreement (Marvel Enterprises Inc), Plan Warrant Agreement (Marvel Enterprises Inc)

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DECREASE IN EXERCISE PRICE. The Company, in its sole discretion, shall have the right at any time, or from time to time, to decrease the applicable Exercise Price of the Warrants and/or increase the number of Warrants Shares issuable upon the exercise of the Warrants, including as it considers to be advisable in order that any event treated for federal income tax purposes as a dividend of stock or stock rights shall not be taxable to recipients.

Appears in 1 contract

Samples: Class B Warrant Agreement (Marvel Enterprises Inc)

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